Governmental Audit Services

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Comprehensive financial statement audit, review and compilation for your organization.

Government audit services are specialized examinations conducted for government entities—including cities, counties, state agencies, public employee retirement systems, and special-purpose districts. These audits assess financial health, operational efficiency, and regulatory compliance, ensuring adherence to public policies and the effective use of taxpayer funds.

Dimov Audit delivers comprehensive governmental audit services tailored to the unique needs of public sector organizations. Our expertise spans financial statement audits under GAAP and GASB standards, single audits for federal fund recipients, compliance examinations, performance audits, and specialized forensic investigations.

Full Spectrum of Government Audit Services

At Dimov Audit, we provide a wide range of governmental audit services to help you maintain fiscal responsibility, operational efficiency, and regulatory compliance.

Navigating the complex landscape of government auditing requires more than just checking boxes—it demands deep expertise, proactive guidance, and a partner who understands the unique pressures facing public sector organizations. From meeting federal compliance requirements to optimizing operational performance, our comprehensive audit services provide the assurance and insights you need to maintain public trust while maximizing the effective use of taxpayer dollars.

Whether you're preparing for your annual financial statement audit, navigating the complexities of a single audit, or seeking to improve program effectiveness through performance auditing, our experienced team brings specialized knowledge of governmental accounting standards, federal regulations, and public sector best practices.

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Services include

  • Financial Statement Audits
    Verify the accuracy of financial statements and ensure they are in compliance with Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) requirements.
  • Performance Audits
    Evaluate the efficiency and effectiveness of government programs and services. These audits focus on how well government resources are being used to achieve intended outcomes.
  • Single Audits
    Required for entities that expend $750,000 or more in federal funds in a year, single audits combine both financial and compliance audits to ensure that federal funds are used properly.
  • Fraud Investigation and Forensic Accounting
    Detect and investigate instances of fraud, waste, or abuse in government programs. Our team uses forensic techniques to uncover irregularities and recommend corrective actions.
  • Compliance Audits
    Ensure adherence to specific laws, regulations, and contractual obligations, including federal and state requirements. This service helps minimize the risk of penalties and non-compliance issues.
  • Agreed-Upon Procedure Engagements
    Tailored audits focusing on specific areas of concern, such as internal controls or specific transactions. These engagements provide targeted insights without a full audit's scope.

Connect with Dimov Audit

Our dedicated team is ready to assist you on your path to financial success.

211 E 43rd St Suite 7-100
New York, NY 10017
United States

401 NW 31ST AVE
MIAMI FL 33125-4228
United States

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Trusted by cities, counties, state agencies, and special districts nationwide.
Discover how our specialized government audit expertise can benefit your organization.

Schedule Your Consultation

Our Service Audience

At Dimov Audit, we proudly serve a wide range of government entities, helping them achieve financial transparency, operational efficiency, and compliance with all relevant regulations.

Every government organization faces unique challenges—from cities balancing multiple funding sources to state agencies managing billions in federal pass-through funding, from retirement systems navigating complex GASB standards to special districts optimizing utility operations. We understand that one-size-fits-all approaches don't work in the public sector. That's why we've built deep expertise across diverse government entity types, tailoring our audit approach to your specific regulatory environment, organizational structure, and operational realities.

Our experience spans small municipalities with limited administrative staff to large state agencies with complex multi-departmental operations. We speak your language, understand your pressures, and provide practical, actionable guidance that recognizes the constraints and opportunities unique to your entity type.

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Business professionals analyzing government audit and compliance services documentation for regulatory requirements

Our clients include

  • Cities and Municipalities
    Providing essential services like financial statement audits, performance audits, and compliance examinations to ensure fiscal responsibility and effective governance.
  • Counties and Regional Authorities
    Assisting with audits and consulting services that help manage complex funding sources, compliance with state and federal regulations, and efficient use of public resources.
  • State Agencies and Departments
    Offering tailored audit services and advisory support to state-level entities to meet their unique regulatory, operational, and financial challenges.
  • Public Employee Retirement Systems
    Conducting specialized audits and evaluations to ensure the financial integrity of pension funds, benefit plans, and retirement systems.
  • Special-Purpose Governments
    Serving entities such as:
    • Ports and Transit Agencies: Ensuring compliance with federal transportation funding requirements and optimizing operational efficiency.
    • Municipal Utilities:
    Providing audits that help manage utility finances, rate structures, and regulatory compliance.
    • Charter Schools:
    Offering audits focused on state funding, enrollment reporting, and governance practices.
  • Non-Profit Organizations with Government Funding
    Assisting non-profits that receive government grants with compliance audits, financial statement preparation, and advisory services to ensure proper use of funds.

Specialized Services for Government Entities

Our comprehensive government audit services are enhanced by a range of specialized services designed to address the specific challenges faced by governmental organizations nationwide.

The regulatory environment for government entities has never been more complex. Tax-exempt bond compliance, federal energy incentives, workforce classification rules, technology transfer agreements—each area carries significant financial and legal implications. Getting it wrong can mean lost funding, penalties, or reputational damage. Getting it right can unlock new revenue opportunities and operational efficiencies.

That's where our specialized services come in. Think of us as an extension of your finance team—bringing expertise in niche areas that most government entities encounter occasionally but need to handle perfectly every time.

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These services are tailored to ensure compliance, optimize operational efficiency, and maximize opportunities for growth and sustainability.

  • Agreed-Upon Procedure Engagements
    Focused audits on specific areas, providing targeted insights without the full scope of an audit.
  • Federal Compliance Audits under the Uniform Guidance
    Ensures proper use of federal funds and compliance with all federal requirements.
  • Tax-Exempt Bond Consulting
    Provides expert guidance on issuing and managing tax-exempt bonds, ensuring compliance with regulations.
  • Clean Energy Tax Credit Opportunities
    Helps identify and maximize clean energy tax credit opportunities, including those through federal initiatives.
  • Independent Contractor Versus Employee Determinations
    Assesses workforce classifications to ensure compliance with IRS and state regulations.
  • Technology Transfer and Royalty Arrangements
    Manages and audits technology transfer agreements and royalty arrangements to maximize compliance and revenue.
  • Third-Party Management Agreements and Sponsorship Planning
    Develops and negotiates agreements with third parties to enhance value and reduce risks.

Additional Specialized Services

We also provide a range of other specialized services to further support entities in government audit services.

Sometimes you need more than a standard audit. Maybe you're considering a joint venture with a neighboring jurisdiction. Perhaps you need to demonstrate compliance with specific federal reporting requirements that fall outside typical single audit procedures. Or you're investigating potential irregularities that require forensic expertise.

These aren't everyday situations—but when they arise, you need professionals who've been there before. Our additional specialized services give you on-demand access to experts who can handle the unexpected, the complex, and the high-stakes situations that don't fit neatly into traditional audit categories.

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Other Services

  • Joint Venture Formation and Operation Consulting
    Provides guidance on structuring joint ventures in compliance with legal and regulatory requirements.
  • Compliance Examinations Pursuant to Federal Reporting Requirements
    Ensures adherence to federal reporting requirements, minimizing risks and enhancing credibility.
  • Benefit Plan Audits
    Verifies compliance with regulatory requirements and assesses plan governance and administration.
  • Performance Audits
    Evaluates the efficiency and effectiveness of programs and services, identifying opportunities for improvement.
  • Fraud Investigation and Forensic Accounting
    Conducts fraud risk assessments and investigations to detect and prevent fraudulent activities.

Our Offerings

Whether you are a city, county, state agency, or special-purpose government, Dimov Audit is your trusted partner for governmental audit services. Our team of seasoned professionals is ready to help you achieve transparency, efficiency, and accountability.

  • Deep Expertise in Government Services: Extensive experience with diverse government entities, providing actionable insights.
  • Customized Approach: Tailored solutions to meet your organization’s specific needs.
  • Proactive Guidance: Advice that helps you stay ahead of regulatory changes and prepare for future challenges.
  • Local Presence, National Reach: Expertise with a broad national perspective.
Professional business meeting discussing government audit services with consultants and clients reviewing compliance requirements
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Dimov CPA gave us the clean audit we needed to meet compliance and reassure our stakeholders. Their team was thorough, professional, and let us stay focused on our mission.

– Executive Team
Rise and Shine Child Care Centers

Dimov Audit’s work provided us with the confidence and clarity we needed for our grant-funded programs. Their audit process was thorough, efficient, and instrumental in helping us maintain full compliance with nonprofit reporting standards.

– Thomas Murray
Chief Community Officer and Core Faculty

Integrity, accuracy, and expertise in every audit we conduct

Tony Valencia
Customer support
At Dimov Audit, we pride ourselves in quick communication, accurate work and seamless delivery.
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Faq's

Frequently Asked Questions

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01

What is a Financial Statement Audit?

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02

Why Does My Company Need a Financial Statement Audit?

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03

What Does a Financial Statement Audit Include?

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04

How Do I Prepare for a Financial Statement Audit?

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How Long Does a Financial Statement Audit Take?

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Can I Request a Consultation with Dimov Audit?

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Connect with Dimov Audit

Our dedicated team is ready to assist you on your path to financial success.

211 E 43rd St Suite 7-100
New York, NY 10017
United States

401 NW 31ST AVE
MIAMI FL 33125-4228
United States

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.